Brief: Boustead Singapore updates on legal proceedings
22/04/2016 10:09
April 22 (Reuters) - Boustead Singapore Ltd BTSS.SI : * Outcome of litigation against Boustead Singapore Limited BTSS.SI * Court of appeal has on 21 April 2016 dismissed the appeal filed by Arab Bank, with costs to be paid to the company * Decision of the court of appeal finally and conclusively discharges the company's liability to arab bank under the facility agreements * Court of appeal found that arab bank acted fraudulently, in the reckless sense, in making the demand * Source text for Eikon ID:nSNZbGPqgD * ((For more news, please click here BTSS.SI )) ((Bengaluru Newsroom; +91 80 6749 1130))
Recent news on Boustead Singapore
See all newsBrief: Boustead Singapore Proposed Final Ordinary Dividend Of 4.0 SG Cents Per Share
Brief: Boustead Singapore Says Boustead JV To Develop Aerospace Facility In Singapore
Brief: Boustead Singapore Says Boustead Projects E&C Awarded Contract Valued At Over S$400 Million
Brief: Boustead Singapore Says Boustead Projects Awarded Engineering And Construction Contract
Brief: Boustead Singapore Says Projects Awarded Phase 2 Fit-Out Contract Over S$50 Mln By Client